I think we are currently in a mini ABCDE formation. The next target (D wave) can be $3.70 range and lastly (E) wave could retreat to $3.60-3.65.
If the price can pass over the triangle, it can go to the 4.20 level.
If the price can pass over the triangle, it can go to the 4.20 level.
交易進行
We have a new formation. The one I mentioned topped around $4.2 and then retreated $3.80.Now its new target, in my opinion, is $4.40-4.50 range.
Briefly, the price movement from $3.39 to $4.20 was an A wave. $4.20 to $3.70 was a B wave. And, this one will be a C wave. As you can imagine, I expect a further D and E waves.
交易進行
A mini-ABCDE formation is forming at the moment. I think the price will come back to $4.00-$4.04 range and bounce from this level.註釋
I think the correction is done. There is still a chance to see 2.7x but, think the 3rd impulsive wave has started. The next target could be shy of $5.0. A little background about what happened so far:
- 1st wave: 3.60-4.40, 2nd wave: 4.40-3.80(ish)
註釋
To be more precise, I expect the price hit $3.77.免責聲明
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免責聲明
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